Only about 450,000 Draped Bust/Small Eagle dollars were issued in the four years combined, nearly three-fourths of them in 1798. I've also authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below! Small Eagle Reverse . Two major designs were seen on early American silver dollars: Today, we’ll look at the Draped Bust silver dollar, which is perhaps one of the most famous of the early American coin designs. The US silver dollar did not appear again until 1836. The Draped Bust, Heraldic Eagle sliver dollar was made from 1798 to 1804. From United States +C $19.03 shipping . The Coinage Act of 1792 called for the silver coinage to be struck in an alloy consisting of 89.2% silver and 10.8% copper. I would buy at $50 and sell at $80.) [2] During the second year of production of the Flowing Hair dollar, it was decided that the denomination would be redesigned. [25], Most coin collectors became aware of the 1804 dollar in 1842, when Jacob R. Eckfeldt (son of Adam Eckfeldt) and William E. Du Bois published a book entitled A Manual of Gold and Silver Coins of All Nations, Struck Within the Past Century. Draped Bust Dollar: Heraldic Eagle Variety 1798 to 1804 [13] The total mintage for 1796 was 79,920,[12] which amounts to an approximate 62% reduction from the previous year's total. The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. Value 1.00 U.S. dollars Mass 26.96 g Diameter 39–40 mm Edge Lettered Years of minting 1795–1804. [14] In early 1798, the reverse was changed from the small, perched eagle to a heraldic eagle similar to that depicted on the Great Seal of the United States. The first is the 1799/8 Overdate featuring a 1799 date struck over an 1798 date which resulted in the last 9 over an 8. The design succeeded the Flowing Hair dollar, which began mintage in 1794 and was the first silver dollar struck by the United States Mint. Though any Draped Bust dollar that hasn’t been cleaned, has nice color, no holes, and is without serious damage is a true treasure and often considered to be among the rare U.S. coins. Worth - USA 1 dollar 1795-1798, Draped Bust Dollar in the coin catalog at uCoin.net - International Catalog of World Coins. Upon assuming his duties at the Mint on October 28, Boudinot was informed of the silver standard that had been used since the first official silver coins were struck. Here’s a list of varieties for Draped Bust Dollar and the 1795 through 1798 are the most valuable, but Draped Bust Dollar Value for the varieties doesn’t make much difference in the lower grades. [12] Boudinot soon ordered that production of minor denominations be increased. Boudinot soon ordered that production of minor denominations be increased. In 1834, silver dollar production was temporarily restarted to supply a diplomatic mission to Asia with a special set of proof coins. Find my coin Sitemap. [4] It is also possible that the Flowing Hair design was discontinued owing to much public disapproval. [20], In 1831, Mint Director Samuel Moore filed a request through the Treasury asking president Andrew Jackson to once again allow the coinage of silver dollars; the request was approved on April 18. 1804 Bust Dollar with "copy" stamp - Worth anything. Indeed, 1799 is the largest mintage for the Draped Bust dollar. Following a short run of the Flowing Hair design of 1794 and early 1795, the United States Mint oversaw the redesign of the dollar coin. Later, assayer Albian Cox died suddenly from a stroke in his home on November 27, 1795, leaving the vital post of assayer vacant. [5] R.W. (the gold coins didn't have the denominations on the edge either.) 1799 PCGS Draped Bust Dollar XF 40 ** Tough Collector Type Coin, Free Shipping! I'm a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. [8] In September 1795, de Saussure wrote his resignation letter to President Washington. The history of the 1801 dollar reflects the difficulties of … Nope. Bust dollars are popular early American coins, and many collectors and dealers specialize in this area of the hobby. CoinTrackers.com has estimated the 1806 Draped Bust Half Dollar value at an average of $175, one in certified mint state (MS+) could be worth $15,000. In 1804 production of the denomination was halted, only to make an unusual come back in 1834 when the famous 1804 Silver Dollars were minted. However, the obverse has a strong date and, at $528.75, it represents an entry-level example of the Draped Bust dollar type. Held in the eagle's beak is the scroll inscribed E Pluribus Unum - (of many, one). The design shows a draped bust of Liberty in profile facing right. [19] Production dropped to 54,454 silver dollars in 1801 and 41,650 in 1802, after Boudinot was able to convince many depositors to accept their silver in the form of small denominations. Also, click here to Learn About Grading Coins. CoinTrackers.com has estimated the 1799 Draped Bust Dollar value at an average of $796, one in certified mint state (MS+) could be worth $22,118. Find the current Draped Bust Dollar values by year, coin varieties, and specific grade. Auction Prices Realized; CoinFacts; Photograde; Population; Price Guide; US; Half Dollars; Draped Bust Half Dollar (1796-1807) Shop at: APMEX David Lawrence L&C Coins eBay U.S. Mint Mark: No mint mark. Obverse: Two raised die flaws in field, or “tears,” before eye, one very clear.The smaller is in the field close to and opposite to the … This is even lower than the lower grades, $80 is about right. Click here to Learn How to use Coin Price Charts. 1800 Draped Bust Dollar, PCGS Genuine - Damage - VF Details. Show Catalog Details . There are numerous varieties of the 1799 Draped Bust Silver Dollar - even more than are listed here. Weight: 26.96 grams. 1801 Draped Bust Dime: $750; 1798 large 8: $725; 1800 Draped Bust Dime: $700; 1803 Draped Bust Dime: $675; 1872-CC Liberty Seated Dime: $650; 1805 Draped Bust Dime: $625; 1807 Draped Bust Dime: $575; 1885-S Liberty Seated Dime: $475; 1895-O Barber Dime: $385; What to do if you Find a Million Dollar Dime or Coin The Draped Bust dollar obverse was designed by noted artist Gilbert Stuart in an attempt to elevate U.S. coinage designs to “world class” stature. Free shipping. [22] Since they believed that the last striking was dated 1804, it was decided to strike the presentation pieces with that date as well. The rarity was created three decades later in 1834 when the U.S. Department of State ordered special coin sets for presentation as diplomatic gifts. Most of them are fakes, because genuine coins are so valuable. US Draped Bust Silver Dollar (Heraldic Eagle) (Counterfeit) 1798 to 1804 These are large, heavy, silver coins that run from 1798 to 1804. C $2,311.67. About Draped Bust Dollars. The total production of 1795 dollars (including both the Flowing Hair and Draped Bust types) totalled 203,033. Bust Half Dollar Value 1794 to 1839 Condition of Coin; Date Good Fine Extremely Fine Mint State Bust Half Dollar Value Updated 2021 Flowing Hair Type 1794-1795 $847 $1,270 $3,771 $26,450 Draped Bust 1796-1807 $143 $285 $793 $4,412 Capped Bust 1807-1839 $49 … Officials mistakenly believed that dollars had last been minted with the date 1804, prompting them to use that date rather than the date in which the coins were actually struck. There are only 15 genuine 1804 dollar coins known to exist. Above is LIBERTY, and below is the date. Coins Tagged With: Dollar Coins, Rare Coins, Silver Coins. [24] Roberts left for his trip in April 1835, and he presented one set each to the Sultan of Muscat and the King of Siam. E S G p F o n 0 Q M L s o r e E D d 1 L. 1802/1 Draped Bust Silver Dollar $1 Coin - Certified NGC VF Details - Rare! Bust dollars, also otherwise known as early dollars, refer collectively to the Flowing Hair dollar struck in 1794 and 1795 as well as the Draped Bust dollar, which was produced from 1795 through 1804. Worth - USA 1 dollar 1795-1798, Draped Bust Dollar in the coin catalog at uCoin.net - International Catalog of World Coins. My love for coins began when I was 11 years old. ... Mintage, Worth: Year Mintage Value, USD; Unc BU Proof; 1798: 327.536---1798 +---1797 + +--1797: 7.776--$ 3,036.69: 1796: 72.920 +-$ 7,280.09: 1795 + +-$ 4,531.96: Tags: Liberty USA. Completing the design are clouds and stars above the eagle. [19] Mintage of the 1803 dollar continued until March 1804, when production of silver dollars ceased entirely. This is what the Heritage Auction's commentary, in part, reads. [5], It is unknown exactly when production of the new design began, as precise records relating to design were not kept at that time. [28] In the early 20th century, coin dealer B. Max Mehl began marketing the 1804 dollar as the "King of American Coins". or Best Offer. I've contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. 1799 saw the mintage of 423,000 Draped Bust silver dollars, a number that seems low to us now but was fairly high for the time, especially considering that dollar pieces were not all that common for everyday transactions. There are three basic reverse designs. The 1804 Draped Bust Silver Dollar is a famous rarity and one of the most storied coins within American numismatics.While Mint records indicate that silver dollars were struck and released for circulation in 1804, none of these were dated that year. Draped Bust silver dollars are early American coins made from 1795 through 1803. This Dollar has the catalog numbers: Bowers Borckardt-167, Bolender-14, or Haseltine-14. US Draped Bust Silver Dollar (Heraldic Eagle) (Counterfeit) 1798 to 1804. My love for coins began when I was 11 years old. Show Catalog Details Shop with confidence. [25] In May 1843, numismatist Matthew A. Stickney was able to obtain an 1804 dollar from the Mint's coin cabinet by trading a rare pre-federal United States gold coin. This page addresses counterfeit dollars between 1798 and 1804. I primarily collect and study U.S. coins produced during the 20th century. 1796 Draped Bust Small Eagle Silver Dollar (G-4 Condition) The blue line above charts the percent increase in value of the 1796 Draped Bust Small Eagle Silver Dollar since Year 2000. [25] Due to an increase in the demand for rare coins, Mint officials, including Director Snowden, began minting an increasing number of coin restrikes in the 1850s. Julian speculates that Henry William de Saussure, who was named Director of the Mint on July 9, 1795, may have suggested it, as he had stated a redesign of the American coinage as one of his goals before taking office. The supposed first emission is BB-51, on which the portrait is noticeably offset to the left. [10] As de Saussure's resignation would not take effect until October, the president was given time to select a replacement.[9]. It is worth noting that the 1798/7 overdate is the first in the Draped Bust series. In 1795-1797, a scrawny, naturalistic bald eagle was depicted on the reverse side of all silver coins. Most of them are fakes, because genuine coins are so valuable. [18] In 1800, silver deposits once again began to decline, and the total silver dollar output for that year was 220,920. The 1804 dollar or Bowed Liberty Dollar was a dollar coin struck by the Mint of the United States, of which fifteen specimens are currently known to exist.Though dated 1804, none were struck in that year; all were minted in the 1830s or later. The major change of the variety is the Heraldic eagle reverse. Draped Bust Half Dollar Price Guide. An eagle similar as the first is now within a wreath of olive and palm branches. [16] Mintage numbers for the dollar remained high through 1799, with 423,515 struck that year. Coins. [22] Soon, Roberts' trip was expanded to Indo-China (then known as Annam) and Japan, so two additional sets were struck. All of the variety with the small eagle reverse are scarce and desirable. However, when the grade get’s higher then there’s some separation between the values of the varieties. There are a few rare Draped Bust dollars dated 1804. Year: 1799. 1795-1798 Silver Dollar "Draped Bust" (LIBERTY UNITED STATES OF AMERICA) KM# 18 coin and its complete list of years and varieties with prices and values. Mint reports from 1804 show a delivery figure of 19,570 Silver Dollars, but numismatists believe these … It is generally believed that Anne Willing Bingham was the model for the Draped Bust design — which appeared not just on the silver dollar but also on these other U.S. coins from the 1790s through mid 1800s: Bingham was a friend of some major politicians of the time, including George Washington and Thomas Jefferson — and she was the daughter of Thomas Willing, president of the First Bank of the United States!eval(ez_write_tag([[300,250],'thefuntimesguide_com-medrectangle-4','ezslot_4',800,'0','0'])); Though a little over 1 million Draped Bust silver dollars were made for circulation from 1795 through 1803, not nearly that many survive today. Free shipping. About 1795-1798 Draped Bust $1 MS Small Eagle [Type] Draped Bust Dollars. [25] The gift to the Sultan of Muscat was part of an exchange of diplomatic gifts that resulted in the Sultan presenting the Washington Zoo with a full-grown lion and lioness. In 1795 only 42,738 silver dollars were made with the Draped Bust design. [17] Although silver bullion deposits at the Mint had increased, Boudinot attempted to end silver dollar production in 1803, favoring half dollars instead. Type: Draped Bust Half Dollar Year: 1806 Mint Mark: No mint mark Face Value: 0.50 USD Total Produced: 839,000 [ Silver Content: 90% Silver Weight: 0.3617 oz. [5] Eckstein, who was dismissed by Walter Breen as a "local artistic hack"[6] and described by a contemporary artist as a "thorough-going drudge"[5] due to his willingness to carry out most painting or sculptural tasks at the request of clients, was paid thirty dollars for his work preparing models for both the obverse Liberty and reverse eagle and wreath. This was the first time the Draped Bust design ever appeared on U.S. coins - it showed up later on Half Cents in 1800 and on Large Cents, Half Dimes, Dimes, Quarter Dollars, and Half Dollars in 1796. Thirteen arrows are in the right claw and olive branch in left. The designer is unknown, though the distinction is usually credited to artist Gilbert Stuart. All are rare and never bore collectors when the conversation arises. Click the button below for catalog-specific information about this item. Results of Copper Shortage Cents of 1798 are more common than expected because the obverse dies for this year were used throughout most of 1799, a common practice in the early Mint to save money. [9] The total production of 1795 dollars (including both the Flowing Hair and Draped Bust types) totalled 203,033. C $3,026.99. The first is the 1799/8 Overdate featuring a 1799 date struck over an 1798 date which resulted in the last 9 over an 8. [23] Roberts fell ill in Bangkok and was taken to Macao, where he died in June 1835. Date Mintage PR58 PR62. [26] Six pieces with edge lettering applied after striking became known as Class III dollars. 1799 PCGS Draped Bust Dollar XF 40 ** Tough Collector Type Coin, Free Shipping! These are large, heavy, silver coins that run from 1798 to 1804. [13] In April 1797, an agreement was reached between the Mint and the Bank of the United States. [1] However, Mint officials were reluctant to strike coins with the unusual fineness, so it was decided to strike them in an unauthorized alloy of 90% silver instead. [17] In 1801, following complaints from the public and members of Congress regarding the lack of small change in circulation, Boudinot began requesting that silver depositors receive smaller denominations rather than the routinely requested silver dollars, in an effort to supply the nation with more small change. I’ve also authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below! I'm the Coin Editor here at TheFunTimesGuide. I’m a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. If it is a coin you want you did fine. The 1804 Silver Dollar is one of the rarest and most popular of all American coins, despite the fact that none were made until 1834 and several were even made many years after that! Virtually all identifiable 1797 dollars, even those with severe issues, have a general base price of at least $500. Let’s look at the values of each basic date (without accounting for the numerous varieties): *Values are based on approximate retail prices for Draped Bust Dollars in Good-4 grade. The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. They were first created for use in special proof coin sets used as diplomatic gifts during Edmund Roberts' trips to Siam and Muscat. [22] The pieces struck under the auspices of the Mint are known as Class I 1804 dollars, and eight of that type are known to exist today. See how many Draped Bust dollar coins were made and what they're worth … (I agree with the $50 post. Worth - USA 1 dollar 1798-1804, Draped Bust Dollar in the coin catalog at uCoin.net - International Catalog of World Coins. [25] Following Roberts' death, the remaining two sets were returned to the Mint without being presented to the dignitaries. Click the button below for catalog-specific information about this item. rare coins at online auction Land of Coins. This design marked a maturing of the “young” Liberty of the preceding Flowing Hair design to a more “matronly” concept of … DRAPED BUST DOLLAR VALUE. Uncirculated specimens cost around $65,000 or more. There are dozens of design varieties which keep die-hard Draped Bust silver dollar collectors busy. N O Q S M Q P D O V D K 7 N M S O R E D. 1799 NGC VF $1 Draped Bust Heraldic Eagle Dollar. half dimes didn't have the value on them until 1829, dimes in 1809, quarters in 1804, half dollars had it on the edge, but the 1796 & 97 had 1/2 on the reverse, didn't appear regularly on the rev until 1807. dollars were edge only until 1836, quarter eagles in 1808, half eagles in 1807, and eagles in 1838. The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. It is unknown why the current date was not used, but R.W. Adjustment marks, applied by the Mint before striking, are often seen, but usually do not detract from the value. In October 1795, newly appointed Mint Director Elias Boudinot ordered that the legal fineness of 0.892 (89.2%) silver be used for the dollar rather than the unauthorized fineness of 0.900 (90%) silver that had been used since the denomination was first minted in 1794. [12] During this time, silver deposits declined to such an extent that Thomas Jefferson personally deposited 300 Spanish dollars in June 1797. [9] He immediately ordered that this practice be ceased and that coinage would begin in the 89.2% fineness approved by the Coinage Act of 1792. or Best Offer. Seven six-pointed stars are to the left and six are to the right. The 1801 Draped Bust Large Eagle Silver Dollar is representative of the Heraldic Eagle type. [5] Several sketches were approved by Mint engraver Robert Scot and de Saussure and sent to President George Washington and Secretary of State Thomas Jefferson to gain their approval. Click to expand... No. From United States +C $22.36 shipping. This coin must have been specially made at the United States Mint as evidenced by its mirror-like reflective fields. Draped Bust Dollar (1795-1804) - Coins for sale on Collectors Corner, The Collectibles Marketplace, where you can buy safely from the world's top Coins dealers. Price Guide. Draped Bust Variety Half Dollar: 1796 to 1807 In 1796 Liberty was redesigned, now her hair is still loose with the addition of two side waves drawn and tied at back with a … Due largely to a decrease in the amount of silver deposited at the Philadelphia Mint, coinage of silver dollars declined throughout the latter years of the 18th century. or Best Offer. [14] The agreement reached with the Bank of the United States along with other bullion depositors (including Boudinot) led to an increase in the number of silver dollars coined;[14] mintage for both the small and heraldic eagle types totalled 327,536. Bust dollars are popular early American coins, and many collectors and dealers specialize in this area of the hobby. However, the obverse has a strong date and, at $528.75, it represents an entry-level example of the Draped Bust dollar type. I'm also the editor at CDN Publishing (a trusted source for the price of U.S. rare coins), editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). [17] In total, 85,634 dollars dated 1803 were struck. What is a 1803 one cent worth? The design succeeded the Flowing Hair dollar, which began mintage in 1794 and was the first silver dollar struck by the United States Mint.The designer is unknown, though the distinction is usually credited to artist Gilbert Stuart. No post about the Draped Bust silver dollar would be complete without a note about the 1804 Draped Bust silver dollar. [28] Seven years later, on November 27, 1874, a specimen sold for $700 ($15,818 today). USA Coin Book Estimated Value of 1800 Draped Bust Silver Dollar (All Varieties) is Worth $1,174 in Average Condition and can be Worth $26,054 or more in Uncirculated (MS+) Mint Condition. In 1798, the U.S. Mint redesigned the reverse of the Draped Bust silver dollar, replacing the small eagle with a stately heraldic eagle. 1795-1798. Year: 1806. (100 over 000 variety) Value, specifications, and images for 1803 draped bust large cent coins from the United States of America How much are my U.S. 1802 $1 business strike dollar worth? 1803 United States one cent value. Draped Bust Dollar The coins would be struck with dates from 1795 to 1803, featuring two different reverse designs. [17] Following a formal request from the Bank of the United States, Secretary of State James Madison officially suspended silver dollar and gold eagle production in 1806, although minting of both had ended two years earlier. Diameter: 39-40 mm . Most coins will exhibit wear from circulation, although a few uncirculated pieces are known of every issue, most frequently for those dated 1800. The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. How much are my U.S. 1795-1798 Draped Bust $1 business strike Small Eagle [Type] dollar worth? By most estimates, 1804 dollars, on the rare occasions they do appear at auction, are worth somewhere in the neighborhood of $2 million to $7 million depending on the individual specimen and the ever-changing conditions of the marketplace. [26] When he discovered this, Snowden bought back several of the coins. [22] Roberts recommended that the dignitaries be given a set of proof coins. [17], Toward the end of the 18th century, many of the silver dollars produced by the Mint were shipped to and circulated or melted in China in order to satisfy the great demand for silver bullion in that nation. ' death, the last date used during regular Mint production was 1803 shows. Was sold at Auction for $ 700 ( $ 13,720 today ) used as diplomatic gifts Edmund! America '' encircle the wreath mere 7,776 were produced, none had been struck since 1804 coin.! Often seen, but usually do not detract from the value sell at $ is... 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